Followers | 680 |
Posts | 141090 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Wednesday, February 28, 2018 11:51:59 AM
By: SentimenTrader | February 26, 2018
Good vs bad corrections
In these first two weeks following the Dow’s drop into a correction, it has followed the path of many “good” corrections. Those are times when the Dow fell 10% from a high, then no more than a further 7% during the next year.
“Bad” corrections usually saw immediate further selling pressure and lost an average of another -16% at some point.
Silver speculators give up
Large speculative traders in silver are holding almost as much of the open interest in short as long contracts.
That’s among their lowest exposures to the metal in 15 years. Even during silver’s long decline in recent years, such low exposure led to rallies over the next 3 months.
Sort of a thrust
Up Volume on the NYSE has picked up over the past 10 days, cycling from deeply oversold to overbought. Similar quick reversals mostly led to gains and a decent risk/reward ratio.
The latest Commitments of Traders report was released, covering positions through Tuesday
In stocks, “smart money” hedgers were holding $15 billion in index short positions, nearly the lowest in two years and down from a record $60 billion before the correction.
https://sentimentrader.com/blog/a-good-correction-as-silver-specs-give-up
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM